Nortech Systems Incorporated Stock Debt To Equity
| NSYS Stock | USD 11.71 0.62 5.03% |
Nortech Systems Incorporated fundamentals help investors to digest information that contributes to Nortech Systems' financial success or failures. It also enables traders to predict the movement of Nortech Stock. The fundamental analysis module provides a way to measure Nortech Systems' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Nortech Systems stock.
| Last Reported | Projected for Next Year | ||
| Debt To Equity | 0.20 | 0.19 |
Nortech | Debt To Equity |
Nortech Systems Incorporated Company Debt To Equity Analysis
Nortech Systems' Debt to Equity is calculated by dividing the Total Debt of a company by its Equity. If the debt exceeds equity of a company, then the creditors have more stakes in a firm than the stockholders. In other words, Debt to Equity ratio provides analysts with insights about composition of both equity and debt, and its influence on the valuation of the company.
Current Nortech Systems Debt To Equity | 0.81 % |
Most of Nortech Systems' fundamental indicators, such as Debt To Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Nortech Systems Incorporated is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Nortech Debt To Equity Driver Correlations
Understanding the fundamental principles of building solid financial models for Nortech Systems is extremely important. It helps to project a fair market value of Nortech Stock properly, considering its historical fundamentals such as Debt To Equity. Since Nortech Systems' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Nortech Systems' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Nortech Systems' interrelated accounts and indicators.
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Nortech Debt To Equity Historical Pattern
Today, most investors in Nortech Systems Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Nortech Systems' growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's debt to equity growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Nortech Systems debt to equity as a starting point in their analysis.
Nortech Systems Debt To Equity |
| Timeline |
High Debt to Equity ratio typically indicates that a firm has been borrowing aggressively to finance its growth and as a result may experience a burden of additional interest expense. This may reduce earnings or future growth. On the other hand a small D/E ratio may indicate that a company is not taking enough advantage from financial leverage. Debt to Equity ratio measures how the company is leveraging borrowing against the capital invested by the owners.
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Nortech Total Stockholder Equity
Total Stockholder Equity |
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According to the company disclosure, Nortech Systems Incorporated has a Debt To Equity of 0.808%. This is 98.63% lower than that of the Electronic Equipment, Instruments & Components sector and 98.71% lower than that of the Information Technology industry. The debt to equity for all United States stocks is 98.34% higher than that of the company.
Nortech Debt To Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Nortech Systems' direct or indirect competition against its Debt To Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Nortech Systems could also be used in its relative valuation, which is a method of valuing Nortech Systems by comparing valuation metrics of similar companies.Nortech Systems is currently under evaluation in debt to equity category among related companies.
Nortech Systems Current Valuation Drivers
We derive many important indicators used in calculating different scores of Nortech Systems from analyzing Nortech Systems' financial statements. These drivers represent accounts that assess Nortech Systems' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Nortech Systems' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 13.0M | 19.1M | 27.6M | 32.9M | 25.6M | 26.9M | |
| Enterprise Value | 33.2M | 40.5M | 47.1M | 49.9M | 38.1M | 21.6M |
Nortech Systems ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Nortech Systems' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Nortech Systems' managers, analysts, and investors.Environmental | Governance | Social |
Nortech Fundamentals
| Return On Equity | 0.21 | ||||
| Return On Asset | 0.052 | ||||
| Profit Margin | 0.05 % | ||||
| Operating Margin | 0.03 % | ||||
| Current Valuation | 45.06 M | ||||
| Shares Outstanding | 2.76 M | ||||
| Shares Owned By Insiders | 64.54 % | ||||
| Shares Owned By Institutions | 3.68 % | ||||
| Number Of Shares Shorted | 3.96 K | ||||
| Price To Earning | 4.08 X | ||||
| Price To Book | 1.25 X | ||||
| Price To Sales | 0.31 X | ||||
| Revenue | 139.33 M | ||||
| Gross Profit | 20.48 M | ||||
| EBITDA | 8 M | ||||
| Net Income | 6.87 M | ||||
| Cash And Equivalents | 944 K | ||||
| Cash Per Share | 0.35 X | ||||
| Total Debt | 14.18 M | ||||
| Debt To Equity | 0.81 % | ||||
| Current Ratio | 2.32 X | ||||
| Book Value Per Share | 12.98 X | ||||
| Cash Flow From Operations | 1.77 M | ||||
| Short Ratio | 0.10 X | ||||
| Earnings Per Share | 2.41 X | ||||
| Number Of Employees | 733 | ||||
| Beta | 0.62 | ||||
| Market Capitalization | 33.99 M | ||||
| Total Asset | 75.13 M | ||||
| Retained Earnings | 18.67 M | ||||
| Working Capital | 32.21 M | ||||
| Current Asset | 41.13 M | ||||
| Current Liabilities | 20.7 M | ||||
| Net Asset | 75.13 M |
About Nortech Systems Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Nortech Systems Incorporated's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nortech Systems using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nortech Systems Incorporated based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Nortech Systems
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Nortech Systems position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Nortech Systems will appreciate offsetting losses from the drop in the long position's value.Moving together with Nortech Stock
| 0.7 | DM | Desktop Metal | PairCorr |
Moving against Nortech Stock
| 0.73 | NNDM | Nano Dimension Earnings Call This Week | PairCorr |
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| 0.63 | IONQ | IONQ Inc | PairCorr |
| 0.61 | HPQ | HP Inc Earnings Call Tomorrow | PairCorr |
| 0.45 | JBL | Jabil Circuit Financial Report 20th of June 2024 | PairCorr |
The ability to find closely correlated positions to Nortech Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nortech Systems when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Nortech Systems - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Nortech Systems Incorporated to buy it.
The correlation of Nortech Systems is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nortech Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nortech Systems moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Nortech Systems can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Nortech Systems Piotroski F Score and Nortech Systems Altman Z Score analysis. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Complementary Tools for Nortech Stock analysis
When running Nortech Systems' price analysis, check to measure Nortech Systems' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nortech Systems is operating at the current time. Most of Nortech Systems' value examination focuses on studying past and present price action to predict the probability of Nortech Systems' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nortech Systems' price. Additionally, you may evaluate how the addition of Nortech Systems to your portfolios can decrease your overall portfolio volatility.
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Is Nortech Systems' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nortech Systems. If investors know Nortech will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nortech Systems listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.13 | Earnings Share 2.41 | Revenue Per Share 50.703 | Quarterly Revenue Growth (0.02) | Return On Assets 0.052 |
The market value of Nortech Systems is measured differently than its book value, which is the value of Nortech that is recorded on the company's balance sheet. Investors also form their own opinion of Nortech Systems' value that differs from its market value or its book value, called intrinsic value, which is Nortech Systems' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nortech Systems' market value can be influenced by many factors that don't directly affect Nortech Systems' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nortech Systems' value and its price as these two are different measures arrived at by different means. Investors typically determine if Nortech Systems is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nortech Systems' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.